The third phase of the China Egypt Teda Suez Economic and Trade Cooperation Zone has been officially launched, with semiconductors, data centers, and key mineral supply chains included in a new round of cooperation. The scale of currency swaps has expanded - this hot land on the banks of the Red Sea is becoming a new coordinate for the deep binding of China Egypt industry and finance.

TEDA Phase III focuses on emerging manufacturing

The third phase expansion of the China Egypt Teda Suez Economic and Trade Cooperation Zone has officially started, with a focus on developing industries such as renewable energy, automobiles, textiles, and chemical fibers, and extending to new energy vehicles, shipbuilding, solar panels, wind power towers, automobile manufacturing, and seawater desalination equipment. At present, the park has developed over 10 square kilometers, with more than 200 settled enterprises and a cumulative investment of over 4.7 billion US dollars, with sales exceeding 7.3 billion US dollars. The Suez Canal Economic Zone continues to be an important landing point for this round of China Egypt industrial cooperation.

Digital and mineral resources included in the cooperation list

The joint communiqu é specifies the expansion of cooperation in cloud computing, data centers, semiconductors, and network security, and promotes cooperation in the fields of aerospace applications and remote sensing; Strengthen cooperation in key mineral supply chains and promote the integration of industrial and supply chains. The Egyptian Minister of Communications and the Director of the National Development and Reform Commission of China signed a memorandum of understanding on information technology cooperation, while the Minister of Investment and Foreign Trade and the Chinese Minister of Commerce signed a memorandum of understanding on industrial and supply chain cooperation. Egypt has launched a national data center strategic coordination in June 2026, which further includes data centers and cloud computing in the scope of bilateral cooperation. Keywords: the Belt and Road news, semiconductor, data center, international

Local currency settlement escorts trade and investment

Both sides welcome the renewal of the China Egypt currency swap agreement and the increase in swap scale, and encourage financial institutions to provide financial support for industrial investment, infrastructure, green projects, and digital projects; Expand the use of local currency in bilateral trade and investment, and encourage more commercial and investment transactions to settle in both countries' local currencies. Around the Suez node, China and Egypt are simultaneously promoting three actions: park expansion, industrial upgrading, and financial support, to build a new pattern of deep cooperation combining industry and finance.Editor/Gao Xue